Indian Economy

This book presents a comprehensive survey of the Indian Economy in terms of GDP growth, savings, investment and developments in various sectors such as agriculture, industry and services. A contradiction observed in India is that while the reform process has resulted in boosting GDP growth, it has failed to yield acceleration in the process of poverty reduction and growth of employment.

 A thorough revision of the book was necessitated by these rapid changes taking place in the Indian economy. Readers will appreciate that economic scenarios, both at the global and national levels, have been changing continuously. It has been our endeavour to introduce new analysis by way of adding new sections and revising existing chapters for a better understanding of the evolving problems and opportunities for the Indian economy. A new chapter on 'Fourteenth Finance Commission (2015-20)' has recently been

 added in the book.

PART I—STRUCTURE OF THE INDIAN ECONOMY

1. India as a Developing Economy
2. Indian Economy on the Eve of Independence
3. National Income of India
4. Human Resources and Economic Development
5. Human Development in India
6. Occupational Structure and Economic Development
7. Natural Resources, Economic Development and Environmental Degradation
8. Infrastructure in the Indian Economy
9. Social Infrastructure and Social Sector

PART II—PLANNING AND ECONOMIC DEVELOPMENT

1. Objectives and Strategy of Economic Planning in India
2. Industrial Policy and Indian Planning
3. Public Sector and Indian Planning
4. Disinvestment of Public Enterprises
5. Redefining the role of the State
6. Privatisation and Economic Reforms
7. Globalization and its impact on India
8. Planning Experience in India
9. Tenth Five Year Plan (2002-2007)
10. Eleventh Five Year Plan and Inclusive Growth
11. An Approach to the Twelfth Five Year Plan (2012-17)
12. The Problem of Capital Formation
13. Foreign Capital, Foreign Aid and Economic Development
14. Poverty and the Planning process in India
15. The Parallel Economy in India
16. Unemployment in India
17. Inequality and Concentration of Economic Power in India
18. Prices, Price Policy and Economic Growth
19. Balanced Regional Development

PART III—AGRICULTURE IN THE NATIONAL ECONOMY

1. Indian Agriculture under the Five Year Plans: The Green Revolution
2. Food Security in India
3. Irrigation and other Agricultural Inputs
4. Land Reforms
5. Size of Farms and Productive Efficiency
6. Organisation of Rural Credit in India
7. Agricultural Marketing and Warehousing
8. Agricultural Labour​

PART IV—INDIAN INDUSTRIES

1. Industrial Pattern and the Plans
2. Some Large-Scale Industries
3. Information Technology (IT) Industry
4. Small-Scale Enterprises
5. Labour Problems and Labour Policy
6. Unorganised Sector and Informalisation of the Indian Economy
7. Second National Commission on Labour​

PART V—THE TERTIARY SECTOR IN THE INDIAN ECONOMY

1. The Foreign Trade of India
2. India's Balance of Payments
3. Special Economic Zones
4. GATT, WTO and India's Foreign Trade
5. Indian Currency System
6. Indian Financial System: Commercial Banking System
7. Indian Financial System II: Money and Capital Markets in India
8. The Reserve Bank of India and Monetary Management
9. Indian Public Finance
10. Financial Relations between the Centre and the States
11. Thirteenth Finance Commission (2010-15)
12. Fourteenth Finance Commission (2015-20)
13. Government Subsidies in India